8917 S Cottage Grove Ave - Apartments FOR SALE


Chicago, IL 60619- Burnside
$1,550,000 USD
708-351-3246
8917 S Cottage Grove Ave, Chicago, IL for Sale
$1,550,000 USD
Apartments - FOR SALE
1/17
null | 10.08% Cap Rate

8917 S Cottage Grove Ave
Chicago, IL 60619
Burnside


HIGHLIGHTS

  • Turnkey
  • 12 units with 11 x 2 bedrooms and 1 x 1 bedroom
  • recently renovated apartments
  • new boiler with zoned controls

OVERVIEW

12 Unit Turnkey available on popular Cottage Grove in the Burnside neighborhood. This property just recently went through a large renovation to all units. The building features an excellent unit mix with 11 x 2 bedrooms and 1 x 1 bedroom. All units are currently rented and producing excellent cash flow. The property is located just blocks from the 87th and Cottage Grove shopping corridor, public transportation and Chicago State University. This is an armchair investment property with nothing further to do. Updated to the property include but are not limited to the following : new kitchens, updated bathrooms, refinished flooring, new appliances., new finish plumbing and electrical fixtures, new electrical panels in unit, newly built out laundry room, 4 newly remodeled common hallways, new central boiler with individual zone controls per unit. The units are all similar in layout and feature spacious layouts with a large living room, eat-in kitchen, and 2 bedrooms. The building also has 7 parking spaces in the back of the building.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

12

PRICE/UNIT

$129,167

CAP RATE

10.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,614 SF

ZONING

RT-4

APN/PARCEL ID

25-02-106-043-0000

ASK ABOUT THIS PROPERTY

Anthony GolobHalsted Taylor Real EstateMore Info
708-351-3246

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Anthony GolobHalsted Taylor Real EstateMore Info
708-351-3246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.